“As other markets, particularly the US, become more expensive, we expect investors to increasingly consider global opportunities, particularly in emerging markets, given the structural positive growth prospects and benign fundamentals.

“More broadly, we expect technology names to maintain their outperformance, although we think the market will sharpen its focus between the sub-sectors with idiosyncratic risks in mind this year,” he says. Will the rally in emerging markets continue? | http://www.klsescreener.com/v2/news/view/352043

KESM is principally involved in specialized electronic manufacturing activities. More specifically, the company is engaged in providing burn-in services. The company has business dealings with virtually all the American semiconductor manufacturers.

http://www.kesmi.com/activities.html

"The company has business dealings with virtually all the American semiconductor manufacturers."

That's why the stock price has more to do with US semiconductor index than other Malaysian semicoinductor stocks do.

In a move reminiscent of the continual upward revisions to semiconductor market forecasts that characterized 2017, market watcher IC Insights has increased its forecast for semiconductor industry growth this year to 15 percent from a previous projection of 8 percent.

China's exports surged at the fastest pace in 3 years China's February exports rose 44.5 percent from a year earlier, compared with analysts' median forecast for a 13.6 percent increase, official data showed on Thursday. https://www.cnbc.com/2018/03/07/chinas-february-exports-jump-44-point-5-percent.html

CIMB Research does not expect the appreciation in ringgit against US$ to bring material earnings impact to KESM, given that the majority of its transactions are in ringgit. Read more at https://www.thestar.com.my/business/business-news/2018/03/09/kesm-to-post-robust-earnings-until-fy20-says-cimb-research/#YWVdgFYPsTqk3mgB.99